1. What is the projected Compound Annual Growth Rate (CAGR) of the Aloe Vera Extract Market?
The projected CAGR is approximately 5.66%.
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Aloe Vera Extract MarketAloe Vera Extract Market by Product Form (Liquid, Gel, Powder, Others), by Distribution Channel (Offline, Online), by Application (Food & Beverages, Cosmetics, Pharmaceuticals), by Forecast 2025-2033
The Aloe Vera Extract Market size was valued at USD 2.46 USD Billion in 2023 and is projected to reach USD 3.62 USD Billion by 2032, exhibiting a CAGR of 5.66 % during the forecast period. Aloe vera (Aloe barbadense miller) is a succulent plant used in alternative medicine. With a total of 420 various plant species of Aloe vera, it has been popular in Indian medicine for the treatment of many conditions. The whole leaf extract is an extract prepared by using the entries leaf of the plant without the decolorization process the delocalization whole leaf extract is an extract prepared by using the entire leaf of the plant with a delocalization process. Aloe, a plant, produces two substances used in health care products — clear gel and yellow latex. People primarily use Aloe's clear gel topically in creams and ointments to treat burns, the skin condition psoriasis, and acne. There are some constituents like Vitamins, enzymes, minerals, sugars, lignin, saponins, salicylic acids, and amino acids. The cosmetic, pharmaceutical, and food industries use aloe vera extensively, and the plant has an estimated annual market Antioxidants are important for health aloe vera gel contains a trusted source of powerful antioxidants belonging to a large family substance known as polyphenol.
Product Form:
Distribution Channel:
Application:
| Aspects | Details |
|---|---|
| Study Period | 2019-2033 |
| Base Year | 2024 |
| Estimated Year | 2025 |
| Forecast Period | 2025-2033 |
| Historical Period | 2019-2024 |
| Growth Rate | CAGR of 5.66% from 2019-2033 |
| Segmentation |
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Note*: In applicable scenarios
Primary Research
Secondary Research
Involves using different sources of information in order to increase the validity of a study
These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.
Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.
During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence
The projected CAGR is approximately 5.66%.
Key companies in the market include Aloe Farms, Inc. (U.S.), Lily of the Desert Organic (U.S.), Terry Laboratories, Inc. (U.S.), Pharmachem Laboratories, Inc. (U.S.), Natural Aloe Costa Rica S.A. (Costa Rica), Foodchem International Corporation (China), Aloe Laboratories, Inc.(U.S.), Aloecorp, Inc.(U.S.), Calmino Group AB (Sweden), Roche (Switzerland).
The market segments include Product Form, Distribution Channel, Application.
The market size is estimated to be USD 2.46 USD Billion as of 2022.
Expansion of International Brands in Saudi Arabia to Fuel Market Growth.
Rising Popularity of Veganism to Fuel Market Growth.
Adverse Clinical Effects of Aloe Vera Extract to Restrain the Market Growth.
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